What China Expects From Businesses: Total Surrender
The New York Times
Unlike regulators in Europe and the U.S., Beijing is using the guise of antitrust to bring powerful tech companies into line with its priorities.
When Pony Ma, head of the Chinese internet powerhouse Tencent, attended a group meeting with Premier Li Keqiang in 2014, he complained that many local governments had banned ride-sharing apps installed on smartphones. Mr. Li immediately told a few ministers to investigate the matter and report back to him. He then turned to Mr. Ma and said, “Your example vividly demonstrates the need to improve the relationship between the government and the market.” By then Tencent had invested $45 million in a ride-sharing start-up called Didi Chuxing, which later became a model in the government’s push to digitize and modernize traditional industries. When President Xi Jinping met with global tech leaders in Seattle in 2015, Didi’s founder, Cheng Wei, then 32 years old, joined Jeff Bezos of Amazon, Apple’s Tim Cook and Mr. Ma at the gathering.
Critics of using public money to build sports facilities dismissed the bond sale, but some of the team’s devoted followers eagerly paid in.
Since the election, Mr. Musk has used his social media company to talk up how bright the future will be under the president-elect.
Here’s what the president-elect has said he might do with your taxes, student loans, Social Security and more.
Donald J. Trump has embraced tabloids, reality TV, Twitter and cable news. This year, he moved on to podcasts and online streamers.
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?
A little-known investment banker, a former hedge fund star and an acolyte of George Soros have the president-elect’s ear.
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
Angel Sivado tries to move people from the streets to permanent housing. A new law makes helping her clients more of a challenge.
About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier contract offers.
Right-wing groups, which use Telegram to organize real-world actions, are urging followers to watch the polls and stand up for their rights, in a harbinger of potential chaos.
The billionaire has effectively become the star of his social media platform, transforming X into a reflection of his personal views before the election.